Coral Offer – Chelsea v Man City

Chelsea face Man City at the Bridge on Saturday and you don’t want to miss this Coral offer! Simply place a £10.00+ in play bet on Chelsea v Man City and if it loses, Coral will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of around £5.50 and here’s how…

Qualifying Bet:

If you’re unsure about how to place risk-free bets, check out my Risk-Free Bet Strategy page for a walk-through guide on how it should be done.

Qualifying bets of £10.00+ must be placed in play on Chelsea v Man City, which kicks off at 17:30 on Saturday 30th September 2017.

Losing stakes are refunded as an in play free bet, so this is effectively a risk-free offer. We’ll therefore need to select something with long odds such as a Correct Score.

It’s impossible to know what odds will be available until the match kicks off, but I’ve used 2-1 Chelsea in the following example to give you an idea of how things might pan out.

I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our qualifying bet lose…

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £7.64…

Place £10.00 on 2-1 Chelsea @ 9.50 = Potential profit of £85.00

smarkets white

Lay £7.64 on 2-1 Chelsea @ 11.40 = Potential liability of £79.45

Let’s have a look at our potential profit/loss for the possible outcomes…

2-1 Chelsea + £85.00 – £79.45 = £5.55 profit
Not 2-1 Chelsea – £10.00 + £7.48 + £8.00 (extract 80% from our £10.00 free bet) = £5.48 profit

So, provided we can find some decent odds in play, we should make a guaranteed profit of around £5.50 on this Coral offer!

If our selection loses, our free bet will be credited within 24 hours and can be used on any in play football market. Free bets will be valid for 48 hours and free bet stakes are not included in any returns.

If you’re unsure how to extract 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.